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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Melissa McAuliffe who wrote (2159)	9/4/1998 3:05:00 PM
From: David W. Ricker	Respond to of 4509

I guess I just have a hard time believing we could enter into a bear market of any length (say > 1-2 years). I'm no economist but as I see the world becoming more developed, and American companies leading the way in technology and innovation, I don't see where we could be derailing (unless we become complacent, and I don't see that happening). It's like saying you can stop progress, which I don't see happening unless there is a nuclear crises, or another revolution in Russia, or China decides it wants Tokyo. I realize we've stumbled in Asia, perhaps they've gotten a little ahead of themselves, but are things really that bad? Seeking some guidance.

To: Melissa McAuliffe who wrote (2159)	9/4/1998 4:44:00 PM
From: dougjn	Read Replies (1) \| Respond to of 4509

The last few minutes of trading in this stock were very strange. After opening way up in a somewhat up market in the morning, it continued moving slowly up most of the day even as the market reversed. Then it finally succumbed to the sharply steepening slide after 2:30 and moved to its lows for the day around of around 30.5. Not surprisingly Psft then reversed up fast with the market in the last 20 minutes or so and looked to be heading back up towards its day highs. But in the last two minutes or so it shot back down 3/4 of a point. Must have been some big seller. Basically this stock sure looks like it wants to go up pretty strongly in any kind of decent rally. I think the CC did the stock a lot of good. Doug